LIO.GB Liontrust Asset Management PLC

TIDMLIO

RNS Number : 5497K

Liontrust Asset Management PLC

29 August 2023

THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED IN THEM, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

LEI: 549300XVXU6S7PLCL855

For immediate release

29 August 2023

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Definitive Notice of the Interim Result of Liontrust's Offer for GAM Holding AG

Liontrust Asset Management Plc ("Liontrust"), the specialist independent fund management group, today issues the definitive notice of the interim result in relation to its recommended public exchange offer (the "Offer") for all publicly held registered shares of GAM Holding AG ("GAM") which was published on 13 June 2023.

Liontrust announces that as of the end of the extended Main Offer Period(1) on 23 August 2023, 16:00 CEST ("Extended Main Offer Period"), a total of 53,250,357 GAM Shares were tendered into the Offer until the end of the Extended Main Offer Period, corresponding to 33.45% of the GAM Shares to which the Offer extends as of the end of the Extended Main Offer Period.

Liontrust therefore declares the Offer to be unsuccessful. Since the Offer has not been successful, there will be no Additional Acceptance Period(1) and the Offer will not be settled.

In relation to the financial support provided by Liontrust to GAM through the Tranche 1 Facility(2) , which is GBP8.9 million plus interest, Liontrust has the right to demand immediate repayment on the date falling 30 days after this announcement.

(1) As set out in the Swiss Offer Prospectus that was published on 13 June 2023.

(2) As defined in the shareholder circular that was published by Liontrust on 13 June 2023.

For further information please contact:

Teneo (Tel: 020 7353 4200, Email: liontrust@teneo.com)

Tom Murray

Liontrust Asset Management Plc (Tel: 020 7412 1700, Website: liontrust.co.uk)

John Ions: Chief Executive

Vinay Abrol: Chief Financial Officer & Chief Operating Officer

Simon Hildrey: Chief Marketing Officer

David Boyle: Head of Corporate Development

Alantra Corporate Finance LLP (Tel: 020 7246 0500)

Lead Financial Adviser

JP McGrath, Jake Delaney, André Chetty

Singer Capital Markets (Tel: 020 7496 3000)

Corporate Broking: Tom Salvesen

Corporate Finance: Justin McKeegan

Panmure Gordon (Tel: 020 7886 2500)

Corporate Broking: David Watkins

Corporate Advisory: Atholl Tweedie

ENDS

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August 29, 2023 02:00 ET (06:00 GMT)

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